BUSINESS CHINA DAILY HONG KONG EDITION Friday, July 23, 2021 RIGHT TRACK Ministry to boost trade despite barriers Exporters hurting from rising shipping the up trend of prices, he said. China will closely monitor the costs to get help; global ties will deepen price trends of bulk commodities, further diversify import sources and By ZHONG NAN ulations,” said Li. build stable trade channels to main-
[email protected] Despite pressures, China’s foreign tain adequate stocks and reasonable trade rose 27 percent year-on-year to price levels of raw materials. All necessary efforts will be made 18.07 trillion yuan ($2.8 trillion) Apart from establishing trade to stabilize and grow China’s foreign during the first half of this year. facilitation working groups with 15 trade despite mounting barriers and The rise was attributed mainly to countries participating in the devel- challenges, government officials robust demand that followed rapid opment of the Belt and Road Initia- said on Thursday. economic recovery in major econo- tive, China and its partners involved For instance, export-oriented mies from the impacts of COVID-19. in the initiative have created 14 A wind-power plant in Fuqing, Fujian province. JIANG KEHONG / XINHUA companies will receive all possible Rapid growth of cross-border cooperation mechanisms for trade help to withstand the impact of the e-commerce also contributed to sol- in services. recent rises in shipping and com- id trade, data from the General China has also worked with 22 modity costs, they said. Administration of Customs showed. countries to further enhance ties in Since higher shipping costs are About 40 percent of Chinese bilateral e-commerce cooperation to Carbon biz to spur green investments hurting domestic manufacturers, export-oriented businesses recently boost new forms and models of for- the government will urge global surveyed by the Ministry of Com- eign trade, said Guo Tingting, By SHI JING in Shanghai emissions trading.